What is Alchemy?

Alchemy is a decentralized data model training platform based on chain security encryption operation and random forest training algorithm. Blockchain ecosystem nodes transfer transaction decision data back to beacons to realize data extraction, use, right determination and reward. At the same time, random forest algorithms are integrated to realize decentralized decision model construction and training system, and beacons feedback from data samples are used to modify the fitting model. As a result, a decentralized, self-iterative, autonomous incentive system data model training platform is realized.

Alchemy smart contract records data related to transactions / transfers on the platform, and ensures that data ownership and use rights are independent of each other through multi-party secure encryption operations and sandbox data transaction. Alchemy Ecosystem does not store supplier data, but encapsulates the data into sandbox, using only the beacon fitting model fed back by data samples.

The Alchemy ecological node can correct the model by transmitting the transaction decision data return beacon and get the corresponding Token reward; the node that mortgages a certain number of tokens can become the verification node, and the verification node can obtain the transaction data training set by the ecological node voting.

Alchemy intelligent contract traces all the transaction records through machine learning, processes the data information, takes the maximum ACOIN as the goal, carries on the model construction and training iteration with the random forest algorithm, and obtains the transaction model based on the current training set.

When the Alchemy model meets the requirements, the model can generate different trading pairs based on the algorithm and begin to trade automatically. At the same time, the model will be constantly optimized and adjusted.

Core team

Daniel Yeo

Daniel has 31 years of experience in financial prime brokerage business working with Wall Street establishments like Merrill Lynch, Leman Brothers, Goldman Sachs, Audrey Lanston, Credit Suisse and Cargill. Daniel had worked in this licensed career in geographies that spanned across Singapore, Japan, the US and Hong Kong. He attended the Management Program at the Harvard Business School. Daniel has been licensed with the US NFA Series 3 and 30 as a branch manager, and in Hong Kong under SFC as a Responsible Officer.

Neil Bryant

Neil Bryant is an experienced Internet and Blockchain start-up manager and CEO. He has helped to raise $30 million so far for blockchain projects, through presenting at conferences, PR, media, representation, investor outreach activities. Neil is also the CEO of Arround and COO of IDV partners.

Rodian Mikhalev

Rodian has 10 years of experience in sales, business developemtn and blochain. Rodian founded Directblockchain.net in 2017, which covers enterprise education, fund raising, business development, crypto events, digital markets & branding, buying/selling Bitcoins OTC and etc.

What is Alchemy Coin?

Alchemy Coin (ACOIN) is the utility token of Alchemy ecosystem, participating in the governance in different capacities in the two stages.

Stage 1- training period: ACOIN will be used as the beacon of model building and training, and it is the key of model training after data extraction and structure. The number of ACOIN is the result representation of a certain process index. At the same time, the node that transmits the transaction decision data for model correction in this process will receive the corresponding Token reward. The platform will train the model according to the number of ACOIN as beacons and combined with the Gini coefficient and information gain of the transaction training set. Some of the over-fitted training sets are pruned.

Stage 2- Application period: After the training of the model is completed and the over-fitting is pruned, the improved model is given to the users of the external system, and the users obtain the right to use Alchemy by paying ACOIN; the ecosystem node can mortgage the data model based on the transaction training set of each verification node, and determine the income of the verification node and the voting income of the ecosystem node according to the performance of the quarterly trading strategy of the fitting data model.

At the same time, in order to encourage prudent trading, Alchemy has also introduced a strict deflation mechanism: 1% of the transaction amount will be charged for direct destruction of each transaction.

Deflation mechanism of Alchemy Coin

Alchemy Coin applies a strict deflation mechanism, deflation mechanism, to encourage cautious trading, charging 1% of the transaction amount for direct destruction.

function allowance(address owner, address spender) public view returns (uint256) {
    return _allowed[owner][spender];
  }

  function cut(uint256 value) public view returns (uint256)  {
    uint256 roundValue = value.ceil(basePercent);
    uint256 cutValue = roundValue.mul(basePercent).div(10000);
    return cutValue;
  }

How to get ACOIN?

Constitute Proportion Amount Distribution details
Community 30% 30 M LockDrop
Team 20% 20 M LockDrop for 36 months
Market Incentive 20% 20 M Promotion cooperation for the projec; Will be publicized before use
Foundation 30% 30 M To support the ecology of the project, and the community will be publicized before use

30% is distributed to users by LockDrop.

The core consideration of the early release is to maximize access to enough participants and transaction data.

Rules of LockDrop

6 Rounds

Hard Cap for first 5 rounds

Allocation of shares will be based on users’staking position

Way of ParticipationIt is carried out in 6 phases. Users deposit and lock USDT, and obtain corresponding new tokens according to the amount of the LockDrop.

Supported TokensUSDT

Settings of Each RoundHard cap is set for each round and each user. And the minimum LockDrop limit: 10 USDT. The allocation will be divided equally according to the user's total lock factor.

Data of Each Round

Round Hardcap Amount Personal Hardcap
R1 50K 5M 500
R2 100K 5M 1,000
R3 150K 5M 1,500
R4 200K 5M 2,000
R5 250K 5M 2,500
R6 250K 5M 2,500

Operating Procedures: Start of the activity – The user selects the amount of lock – The hard cap reaches the end of the round – Asset lock – The return of the locked asset is ended – The system settles the quota.

Road Map